Changing Growth Dynamics to Aviation to Influence Petrochemicals Market Size
Market Overview Market Research Future (MRFR) studied the global petrochemicals market 2021 along the review period till 2023. As per MRFR evaluation, the petrochemicals market is set to rise at 8.06% CAGR by 2030. On the conclusion of the study tenure, the petrochemicals market value is likely to value USD 943.5 Bn. The expansion of the petrochemical market can be attributed to the surge in demand for different type of petrochemicals products in the end-use industries. The expansion of petrochemical industry can also be led by the increasing demand for downstream goods in the end-use industries and increase in capacity of the base chemical field. The surge in application of petrochemicals in progressive sectors, such as; agriculture, aviation, food beverage, building construction, healthcare, electrical electronics, and automotive can add to the market rise. The economic regression and increase in the demand for plastic goods has gradually decreased the need for petrochemical pr...